Believe It: Hyperinflation in America

April 22, 2013

Ever since the Federal Reserve began its quantitative easing policies four years ago, a group of pessimists has warned of looming hyperinflation. It hasn't come. Not even moderate inflation.

But this isn't a topic to joke about. When we talk about hyperinflation, most point to examples in Zimbabwe and the Weimar Republic. But America actually has its own history of hyperinflation. David Cowen, CEO of the Museum of American Finance, tells The Motley Fool's Morgan Housel the story.